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The Star
2 hours ago
- The Star
South Korea to prepare mutually agreeable trade package as US tariff deadline looms
South Korea, facing 25 per cent tariffs, is rushing to reach a trade deal with Washington. -- PHOTO: REUTERS SEOUL (Reuters): South Korea will prepare a trade package that is mutually agreeable with the United States ahead of minister-level meetings planned next week and a US tariff-pause deadline of August 1, the presidential office said on Saturday. The package will include shipbuilding cooperation, a sector of high interest to U.S. Commerce Secretary Howard Lutnick, who discussed the matter with South Korea's Industry Minister Kim Jung-kwan on Friday, it said in a statement. Friday's meeting was a follow-up to a meeting on Thursday, where Lutnick and Kim reaffirmed their commitment to reach a trade deal by August 1, after a joint meeting of finance ministers and top trade envoys that had been scheduled for Friday was postponed. South Korea, facing 25% tariffs, is rushing to reach a trade deal with Washington, with National Security Adviser Wi Sung-lac visiting the U.S. recently for high-level talks and Minister for Trade Yeo Han-koo also in the U.S. for negotiations, as pressure grows on officials to clinch a deal that is no worse than Japan's that cut tariffs to 15%. South Korea's trade negotiations with the U.S. have included non-tariff barriers in the agricultural and digital service sectors, but foreign exchange has not been part of trade talks beyond usual consultations, according to South Korean officials. U.S. President Donald Trump arrived in Scotland on Friday for bilateral talks with European Commission President Ursula von der Leyen on Sunday, which could yield a trade deal with the European Union, after making a deal earlier this week with Japan and the Philippines. Next week, U.S. officials will hold a new round of trade talks with China in Sweden for an extension to a separate deadline of August 12 set between the two countries. South Korea's Finance Minister Koo Yun-cheol and Foreign Minister Cho Hyun will also hold meetings with U.S. Treasury Secretary Scott Bessent and State Secretary Marco Rubio, respectively, next week. (Reporting by Jihoon Lee; Editing by Jacqueline Wong)
The Star
3 hours ago
- The Star
Central African Republic's Touadera announces bid for third term
FILE PHOTO: Central African Republic's President Faustin-Archange Touadera arrives before a dinner with several heads of state and government and leaders of international organisations at the Elysee Palace, as part of the 19th Francophonie Summit, in Paris, France, October 4, 2024. REUTERS/Benoit Tessier/File Photo BANGUI (Reuters) -Central African Republic's President Faustin-Archange Touadera said on Saturday he will run for a third term later this year, seeking to extend his rule into a second decade after scrapping term limits in 2023. "Many of you have asked for me, and my answer is yes. I am your candidate for the presidential election of December 2025," the 68-year-old said at a meeting of his party, the United Hearts Movement, in the capital Bangui. "We will continue the work of rebuilding our country." Since taking office in 2016, Touadera has enlisted outside forces to stay in power amid a persistent civil conflict, including mercenaries from Russia's Wagner militia, who intervened in 2018 on the side of the government. Landlocked Central African Republic, roughly the size of France and with a population of around 5.5 million, is deeply impoverished despite being rich in resources including gold, diamonds and timber. It has witnessed waves of instability, including coups and rebellions, since independence from France in 1960. Touadera won a second term in 2020, though militants including the Coalition of Patriots for Change (CPC) have fought to overturn that result. The army, backed by United Nations peacekeepers and Russian and Rwandan troops, has been fighting the group for years. Touadera's current term was supposed to be his last, but in 2023 the country held a constitutional referendum that abolished the two-term limit and extended the presidential mandate from five to seven years. Opposition parties and civil society groups have said the new constitution, which was backed by more than 95% of voters, could allow Touadera to stay in power for life. The exact date of the December vote has not been announced. (Reporting by Pacome Pabandji; Writing by Anait Miridzhanian and Ayen Deng Bior; Editing by Robbie Corey-Boulet and Jan Harvey)
Barnama
4 hours ago
- Barnama
Thailand, Cambodia Seek UN Support Amid Escalating Border Conflict
A Cambodian military personnel stands on a BM-21 Grad multiple rocket launcher, around 40 km (24 miles) from the disputed Ta Moan Thom temple, after Thailand and Cambodia exchanged heavy artillery on Friday as their worst fighting in more than a decade stretched for a second day, in Oddar Meanchey province, Cambodia, July 25, 2025. REUTERS/Soveit Yarn By Kenny Teng & Vijian Paramasivam BANGKOK, July 26 (Bernama) -- As the border clashes between Thailand and Cambodia enter their third day, both countries addressed the United Nations Security Council (UNSC) on Friday, with Thailand calling for an immediate end to hostilities and a return to dialogue. Cambodia, meanwhile, urged international intervention, warning that continued fighting could destabilise the region. bootstrap slideshow Speaking during the closed-door UNSC meeting in New York, Thailand's Ambassador and Permanent Representative to the United Nations (UN), Cherdchai Chaivaivid, reaffirmed Thailand's rejection of force as a means of resolving international disputes. He reaffirmed the kingdom's firm commitment to peaceful settlement in accordance with the UN Charter. 'Thailand urges Cambodia to immediately cease all hostilities and acts of aggression, and resume dialogue in good faith,' he told the council. His remarks were released to media. The UNSC held an emergency session on Friday under the agenda item "Threats to International Peace and Security," focusing on the Thai-Cambodian conflict that erupted following a deadly border clash. Cherdchai said Thailand has actively engaged Cambodia over the past two months through multiple bilateral mechanisms, including the Joint Boundary Commission (JBC), to resolve differences and prevent further escalation. Meanwhile, Cambodia's Ambassador and Permanent Representative to the UN, Chhea Keo, urged the UN and ASEAN to intervene and help resolve the border dispute with Thailand, warning that failure to act could destabilise regional security.
